Posted by
Always To The Right on Thursday, August 28, 2008 6:08:18 PM
Phill Gramm may have worded his assertion in an impolitic manner, but the latest economic data proves him correct. The US economy grew at an annual rate of 3.3% in the second quarter, almost twice as much as first predicted. Exports led the way, followed by an increase in personal spending
Does this cut out the legs from the Democrats in their non-stop themes
of complaint regarding the economy? It should, but it probably won’t.
A growth rate of 3.3% is a good, solid number, one that shows real
substance in the economy. It remains weak in some areas as does the
dollar, but fundamentally strong.
The 3.3% annual growth is above inflation already.